Citco has enhanced its Citco Data Services platform to enable clients to receive data directly via their own cloud provider.
The new service is for the range of alternative asset investment classes Citco serves, including private equity, real assets, hedge funds and fund of funds, and covers the relevant data sets across these asset classes. The data can be sent to multiple different public and private cloud services.
The upgrade means users of Citco Data Services – the group’s web-based data integration and reporting platform – will now receive their data when and how they want via their own cloud providers. The data can be sent to multiple different public and private cloud services.
It is the latest upgrade for Citco Data Services, which was launched in 2020 to empower Citco’s clients by improving transparency through actionable data.
The cloud delivery feature removes a number of steps for clients wishing to access their data, speeding up the process for users and putting them in control of their data, says Citco.
Clients using Citco Data Services have automatically received this new cloud delivery capability, while any new clients will also receive the service in future.
The upgrade follows Citco’s successful migration of US$1 trillion worth of assets under administration onto the newest version of Æxeo running on Amazon Web Services (AWS).
Citco has moved all its clients using Æxeo – its straight-through, proprietary front-to-back office solution – from its physical data centers to AWS over the past 18 months.
Frank Servidio, head of client reporting product at Citco Fund Services (USA), says: “With Citco Data Services we can now post our clients’ data nearer its ultimate destination whenever they want it. This streamlines the process for our customers and is much more efficient. Increasingly, our clients are leveraging cloud technologies in their day-to-day operations, and we are ready to support them.”
